Peru leads global fish meal production in 2024, followed by Vietnam and China. Peru experienced a modest increase of 0.59% compared to 2023, while Vietnam and China saw higher growth at 2.82% and 3.39%, respectively. Other notable contributors include Chile and Thailand, with steady gains in production. Iceland and Indonesia displayed significant year-on-year growth with increases of 8.83% and 11.03%, respectively. The United States, Norway, and Japan also maintain substantial shares, showing consistent, albeit slower, growth rates.
Notable trends over the past five years show an expansion in the production capacity of emerging markets like Indonesia and Iceland. Countries such as South Africa, Malaysia, and South Korea have shown minimal to no growth. This indicates a possible shift in production dynamics and market focus towards more rapidly developing regions.
Future trends to watch include further increases in fish meal production in emerging economies, the impact of technological advancements on production capacity, and the potential for environmental regulations to affect output in traditionally dominant regions like Peru and China. Ensuring sustainable practices will likely be a significant factor impacting growth and distribution of global fish meal production.
Top countries in Fish Meal Production Share by Country (Thousand Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Peru | 21.62 | 2023 | +37.5% | +0.59% | View data |
| 2 | 2 Vietnam | 10.61 | 2023 | +1.89% | +2.82% | View data |
| 3 | 3 China | 8.45 | 2023 | +7.5% | +3.39% | View data |
| 4 | 4 Chile | 7.37 | 2023 | -1.32% | +1.68% | View data |
| 5 | 5 Thailand | 7.07 | 2023 | +2.86% | +1.15% | View data |
| 6 | 6 United States | 5.25 | 2023 | -1.11% | +0.38% | View data |
| 7 | 7 Norway | 4.52 | 2023 | 0% | +0.89% | View data |
| 8 | 8 Japan | 3.93 | 2023 | 0% | +1.14% | View data |
| 9 | 9 Morocco | 3.44 | 2023 | 0% | +1.18% | View data |
| 10 | 10 Russia | 3.14 | 2023 | 0% | +0.9% | View data |
